CVS Health (CVS) Financial Forecast Calculator
Interactive 5-year forecast and DCF for CVS Health. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from CVS Health’s most recent SEC filings.
Assumptions
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Keep iterating on the CVS Health forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What is CVS Health's business model?+
CVS Health is a vertically integrated health solutions company that operates across the entire healthcare spectrum. It provides health insurance, pharmacy benefit management, and retail pharmacy services, aiming to control healthcare costs and improve patient outcomes.
How does CVS Health generate revenue across its segments?+
CVS Health generates revenue through three main segments: Health Services (PBM and healthcare delivery), Health Care Benefits (Aetna insurance products), and Pharmacy & Consumer Wellness (retail pharmacy and general merchandise sales). This integrated approach allows the company to direct patients through its owned assets for comprehensive care.
What are the key capital expenditure assumptions for CVS Health's financial model?+
The financial model assumes CVS Health's capital expenditure as a percentage of revenue is approximately 0.88%. This reflects a relatively asset-light business model, with capex split between maintenance for existing operations and growth investments in primary care expansion and digital platforms.
What is the primary purpose of the CVS Health financial model?+
The model evaluates CVS Health's sum-of-the-parts equity valuation to determine whether the turnaround in Medicare Advantage margins and the stabilization of the retail pharmacy footprint can offset pharmacy benefit manager pricing pressures. Its goal is to assess if these factors can drive sustainable free cash flow generation.
Can I download an Excel financial model for CVS Health?+
Yes, an Excel financial model for CVS Health is available for download. This model provides a forecast horizon from FY2026 to FY2030, allowing users to analyze future financial performance and key assumptions.
How does CVS Health manage its working capital?+
CVS Health operates with negative net working capital, typically ranging from negative 2% to negative 4% of revenue. This is primarily achieved by funding growth through high payables to drug manufacturers and deferred premium revenue from its insurance segment.
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